Asia’s development model, mixing industrial policy with a common reliance on large and powerful business groups, has helped solve many of the problems of economic development through coordination. The business groups use close and highly transactional connections with politicians for their benefit.

Not only does the resulting economic firepower of these business groups allow them to dominate the various markets in which they operate, but it also allows them to achieve significant scale relative to the economy as a whole. This has been matched by a parallel and rapid accumulation and concentration of wealth.

We sit down with Simon Commander, co-author of The Connections World: The Future of Modern Asia (Cambridge University Press, 2022], a book co-written with Saul Estrin, to understand what is meant by “The Connections World”, and to what extent it has fueled Asia’s extraordinary growth. We also delve into the problems this model presents, and the configuration of economic and political power that it has enabled.

#GovernancefortheFuture #publicpolicy #policymatters
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